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Econometrica Vol. 78 No. 1 2010

Recursive Equilibrium in Stochastic Overlapping-Generations Economies

Alessandro Citanna1; Paolo Siconolfi2,3,4

1 HEC Paris · 2 Thales (Australia) · 3 Columbia University · 4 Graduate School USA

open access

Abstract

We prove the generic existence of a recursive equilibrium for overlapping-generations economies with uncertainty. “Generic” here means in a residual set of utilities and endowments. The result holds provided there is a sufficient number of potentially different individuals within each cohort.

DOI
10.3982/ecta7219
Volume
78
Issue
1
Pages
309-347
Language
en
Sources
openalex bibtex:phds-export.bib crossref

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